Financial Statements
Directors’ approval Certificate by the company secretary Report of the independent auditors Directors’ report Directors’ remuneration report Balance sheets Income statements Cash flow statements Notes to the cash flow statements Statement of changes in shareholders’ equity Notes to the annual financial statements Annexure A Annexure B Annexure C Annexure D

Annexure A

			Effective Group holding		Book value of shares		Loans to/(from) subsidiaries
Principal subsidiaries	Nature of business	Issued capital Rm	2006 %	2005 %	2006 Rm	2005 Rm	2006 Rm	2005 Rm
Direct
Clinical Partners (Proprietary) Limited	Specialised managed healthcare		100	100
Clinic Holdings Limited	Investment holding	7,9	100	100	1 336,2	1 336,2		(89,8)
Medicross Healthcare Group (Proprietary) Limited	Healthcare services		100	80			180,8	152,5
Netcare 911 (Proprietary) Limited	Pre-hospital emergency services		100	100
Netcare Finance Company (Proprietary) Limited	Financing	0,1	100	100			(83,4)	(151,3)
Netcare International SA (Proprietary) Limited	Investment holding		100	100
Netcare Management (Proprietary) Limited	Netcare group management services		100	100	0,3	0,3	311,6	83,0
Netcare Prefshare Holdings (Proprietary) Limited	Investment holding		100	100			156,2	156,2
Netpartner Investments Limited	Investment holding		100	46	1 275,4
SAA Netcare Travel Clinics (Proprietary) Limited	Travel clinics		100	74	2,5
Indirect
Alberlito Hospital (Proprietary) Limited	Hospital/healthcare services		80
Alberlito Hospital Properties (Proprietary) Limited	Property owning		80	80
Clindeb Investments (Proprietary) Limited	Financing		100	100			1 644,7	(870,2)
Constantia Clinic (Proprietary) Limited	Hospital/healthcare services		50	50
General Healthcare Group Limited (note 4)	Hospital/healthcare services	11,7	53
Netcare Cape (Proprietary) Limited	Hospital/healthcare services		100	100
Netcare Gauteng Four Limited	Hospital/healthcare services	0,2	100	100
Netcare Gauteng One (Proprietary) Limited	Hospital/healthcare services	0,2	100	100
Netcare Gauteng Three (Proprietary) Limited	Hospital/healthcare services		100	100
Netcare Gauteng Two (Proprietary) Limited	Hospital/healthcare services		100	100
Netcare Healthcare UK Limited (note 4)	Healthcare services		53
Netcare Health Systems (Proprietary) Limited	Healthcare management services		100	100
Netcare Hospital Group (Proprietary) Limited	Investment holding		100	100
Netcare Hospital Management (Proprietary) Limited	Hospital group management services		100	100			633,4	(16,5)
Netcare Institute of Cellular and Molecular Medicine (Proprietary) Limited	Provision of and investment in molecular medicine technology		90	90
Netcare KwaZulu (Proprietary) Limited	Hospital/healthcare services		100	100
Netcare Life Limited	Life insurance	0,1	100	100
Netcare Pretoria 3 (Proprietary) Limited	Hospital/healthcare services		100	100
Netcare Pretoria One (Proprietary) Limited	Hospital/healthcare services		100	100
Netcare Pretoria Two (Proprietary) Limited	Hospital/healthcare services		100	100
Netcare Property Holdings (Proprietary) Limited	Property owning		100	100
Netcare Waterberg Lodge (Proprietary) Limited	Lodge service		100	100
Optiklin (Proprietary) Limited	Hospital/healthcare services		100	100
Pedalclip Limited (note 4)	Investment holding		53
Prime Cure Holdings (Proprietary) Limited	Primary care		100
Prometheus Healthcare Holdings (Proprietary) Limited	Hospital/healthcare services		100	100		1,5
St Augustine’s Hyperbaric Joint Venture (Proprietary) Limited	Hyperbaric oxygen therapy		61	61
					2 614,4	1 338,0	2 843,3	(736,1)

Notes

1.	All companies are incorporated in South Africa unless otherwise stated.
2.	Information in respect of subsidiaries as required in terms of paragraphs 69 and 70 of the Fourth Schedule to the Companies Act is set out in respect of only those subsidiaries, the financial position or results of which are material for a proper appreciation of the affairs of the Group.
3.	A register disclosing full details of all companies in which the Group has investments is available for inspection during business hours at the registered office of the Company by members or their duly authorised agents.
4.	Incorporated in the United Kingdom.